Aqualite LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC440582

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		2,520,000		2,221,355

			2,520,000		2,221,355
CURRENT ASSETS
Debtors	5	258,860		9,078
Cash at bank and in hand		3,386		4,175

		262,246		13,253
Creditors: Amounts Falling Due Within One Year	6	(44,639 )		(15,957 )

NET CURRENT ASSETS (LIABILITIES)			217,607		(2,704 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,737,607		2,218,651

Creditors: Amounts Falling Due After More Than One Year	7		(1,231,076 )		(1,163,015 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			1,506,531		1,055,636

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		1,207,886		1,045,542
Other amounts		-		10,094

			1,207,886		1,055,636

Equity
Members' other interests
Revaluation reserve		298,645		-

			298,645		-

			1,506,531		1,055,636

TOTAL MEMBERS' INTEREST
Amounts due from members			(349)		-
Loans and other debts due to members within one year			1,207,886		1,055,636
Members' other interests			298,645		-

			1,506,182		1,055,636

Page 1

Page 2

Aqualite LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr N R Ghedia

Designated Member

26/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Aqualite LLP is a limited liability partnership, incorporated in England & Wales, registered number OC440582 . The Registered Office is Suite 9, 30 Bancroft, Hitchin, Hertfordshire, SG5 1LE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents gross rental income receivable for the period.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account. There has been revaluation on 31 March 2025.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	2,221,355
Revaluations	298,645

As at 31 March 2025	2,520,000

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,888	-
Other debtors	251,972	9,078

	258,860	9,078

Page 3

Page 4

Aqualite LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	21,828	-
Other creditors	22,811	15,957

	44,639	15,957

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Mortgage	1,231,076	1,163,015

Page 4